ChannelAdvisor (NYSE:ECOM) announced its quarterly earnings data on Thursday. The software maker reported ($0.10) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.10), Briefing.com reports. The firm had revenue of $32.66 million during the quarter, compared to the consensus estimate of $31.46 million. ChannelAdvisor had a negative net margin of 9.28% and a negative return on equity of 14.23%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.15) earnings per share.
ECOM stock traded down $0.20 during midday trading on Friday, hitting $13.70. The stock had a trading volume of 139,287 shares, compared to its average volume of 88,567. The stock has a market capitalization of $372.74 million, a P/E ratio of -27.36 and a beta of -0.18. ChannelAdvisor has a 12-month low of $8.30 and a 12-month high of $15.63.
In other news, Director Janet Raye Cowell sold 2,400 shares of the business’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $14.65, for a total transaction of $35,160.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider M Scot Wingo sold 50,000 shares of the business’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $14.59, for a total transaction of $729,500.00. Following the sale, the insider now directly owns 712,052 shares of the company’s stock, valued at $10,388,838.68. The disclosure for this sale can be found here. Insiders have sold a total of 63,400 shares of company stock valued at $924,710 over the last three months. Corporate insiders own 7.80% of the company’s stock.
ChannelAdvisor Company Profile
ChannelAdvisor Corporation provides software-as-a-service solutions in the United States and internationally. Its e-commerce cloud platform helps retailers and branded manufacturers to improve their online performance by expanding sales channels, connecting with consumers around the world, optimizing their operations for peak performance, and providing actionable analytics to improve competitiveness.
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